India’s SJVN secures 100 MW of PV for $0.031/kWh

SJVN has secured a 100 MW solar power project from Gujarat Urja Vikas Nigam Ltd. (GUVNL). It will develop the project on a build-own-operate basis in the Indian state of Gujarat.

From pv magazine India

SJVN, an Indian government-owned power generation company, has won a 100 MW solar project in the Indian state of Gujarat through a reverse auction held by GUVNL. The company secured the project by quoting a winning tariff of INR 2.54 ($0.031)/kWh.

SJVN will develop the project on a build-own-operate basis through its wholly-owned subsidiary SJVN Green Energy Ltd (SGEL). The project cost is estimated at INR 550 crore.

SGEL will execute the project in a solar park being developed by Gujarat Industrial Power Corp. in Khavda, Gujarat, through an engineering, procurement, and construction contract. GUVNL will buy the power under a 25-year power purchase agreement.

“The project is expected to generate about 252 million units in its first year of commissioning and the cumulative energy generation over a period of 25 years would be about 5,866 million units,” said SJVN. “The commissioning of this solar project is anticipated to reduce 2,87,463 tons of carbon emissions.”

This post appeared first on PV Magazine.

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